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Daily Global Rice e-Newsletter

Aug ,2015

Vol 5,Issue XIII

September 15,2015

Vol 5,Issue XIV

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www.ricepluss.com & www.riceplusmagazine.blogspot.com

News Headlines...

Biryani Festival/Cooking Competitions to promote Basmati Exports

Pakistan exports get more boost

Rice export to Iran: Reap fears Pakistan may not take advantage

Group aims to reduce rice imports

Mentoring to Take Charge

Vietnam needs new policy for rice production

CSIR-Crops Research Institute releases 12 crop varieties

U.S. and China to sign rice protocol agreement

Royal Rejuvenates The Rice Industry With A Commitment To Authenticity

Aquino: Gov‘t to import more rice as severe El Niño looms

Final protocols struck for U.S. rice exports to China

Paddy price dips by 60%, Karnal farmers worried

Limited Rice Trade Resumes as Govt Weighs New Export Policy

Preserving ―Heirloom‖ Collections – Microbial, That Is

Arkansas Farm Bureau Daily Commodity Report

News detail...

BIRYANI FESTIVAL/COOKING COMPETITIONS TO

PROMOTE BASMATI EXPORTS

Sep 15, 2015 | thaver

The Union of Small and Medium Enterprises (UNISAME) has urged S.M. Muneer chief

executive officer (CEO)Trade Development Authority of Pakistan (TDAP) to arrange Biryani

Festivals and cooking competitions at our embassies and consulates abroad to promote export of

white and parboiled Pakistani basmati rice.President UNISAME Zulfikar Thaver said our

basmati rice and super basmati rice and also our rice of other varieties namely 1121, 386 and C9

are considered as fine rice and liked by overseas Pakistanis and rice lovers in Europe, Middle

East and Far East and since our exporters are a little behind in publicizing the TDAP needs to

play its role and beat the drum. The festivals and competitions could serve as exhibitions and the

superiority of our rice varieties could be highlighted. Our super basmati rice is aromatic and

elongates on cooking, it is very tasty and meant for banquets and is very much liked in Iran, Gulf

and the affluent.

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He appreciated that the Rice Exporters Association of Pakistan (REAP) is holding cricket

matches to promote goodwill amongst members but it would be far better if REAP could join

hands with TDAP and arrange biryani festivals in different provinces and also in foreign

countries.Thaver also suggested the holding of cooking competitions on electronic media at

home and abroad for cooking various dishes of rice like pulao, biryani, fried rice as in Chinese

sweet dishes like Zardah, Kheer (porridges), firni, bread (chappati).

http://www.unisame.org/biryani-festivalcooking-competitions-to-promote-basmati-exports/

Pakistan exports get more boost

Mm. Aftab

Filed on September 14, 2015 | Last updated on September 14, 2015 at 07.43 am

FDI inflows were $75 million, compared to $18 million in the two comparable months.

Pakistan has formed a new strategic policy to make a big push in exports particularly to the booming

regions like Middle East, Africa, South East Asia and China.The new target to boost exports to an all time

high of $35 billion a year means that within three years the amount has to go up by nearly $10 billion,

which will require considerable effort by the industry, businesses and services.

The three-year plan called "Strategic Trade Policy Framework (STPF) - 2015-18 has been okayed by the

Cabinet Committee on Production and Exports. Low-cost finance, reduction in procedures, cheaper cargo

and freight services, regular supply of electricity and gas and greater cooperation between the government

and trade organisations are some of the incentives, which are required to achieve the results.The STPF

was planned by Commerce Minister Khurram Dastgir Khan on the back of worrisome performance of the

export sector.Exports during the June 30-ended fiscal year 2015 totalled $24.2 billion, against the official

target of $27 billion.Fiscal year 2015 was the third consecutive year of declining exports.

Compared to fiscal year 2014, exports in fiscal year 2015 were down 3.5 per cent. The exports were $25.1

billion in fiscal year 2014. The actual exports in fiscal year 2015 were only $25.1 billion against the

government's target of $29.9 billion."All steps will be taken to enhance export to the $35 billion level by

2018 by expanding production of all currently exported items and those with a future potential in the

changing global market," said Finance Minister Ishaq Dar who chaired the Cabinet Committee on

Production and Exports."The government is cognisant of Pakistan's declining trend in exports. In view of

this, we will take all possible steps to reverse the trend," Dar said."While formulating the new strategy for

higher exports, we have taken into account the potential of the industry and the economy, as well as the

hurdles in growth, which restrained the output. These hurdles include the continued shortage of electricity

and gas, rising cost of doing business, appreciation of the rupee against the dollar and other currencies, as

well as the growing foreign competition, particularly to our textiles," Khurrum Dastgir said.

The STFP has outlined the potential markets, which will be targeted to enhance exports. The focus for

export of high-quality, "Basmati" rice will be the Middle East, Saudi Arabia, the UAE and Iran. Pakistan

will make a push for export of its fruits, including oranges, mangoes, vegetables, potatoes, onions and

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halal meat products to the Middle East, the UAE and Iran.South East Asia will be the target for export of

horticulture products. India, Sri Lanka, Afghanistan and Africa are identified for export of cement.

Pakistan will offer a freight subsidy for export of cement to Africa. Items marked for export to China are

rice, cotton yarn, fabrics and ready-to-wear garments. Wheat, rice, meat and cement are identified for

export to Afghanistan. In order to expand trade, border marketing support, development, expansion of

banking facilities, improvement of the rail-link and infra-structure development will be undertaken.

Products destined for the Iran market will include provision of warehousing support, product branding,

"halal" certification.The STFP provides Rs20 billion for research and development to expand and upgrade

Pakistani exports and to achieve the targets set by this plan.The government has also decided to undertake

immediate steps for expanding farm products, further improving the quality and range of products,

especially fruits and vegetables, commodity pricing and to examine the input cost, which will have to be

restrained in order to ensure expansion of exports and enable the country to counter foreign competition.

The government will have a deeper look at other hurdles being faced by exporters.

These issues relate to R&D, technology problems, moving out of the current concentration of traditional

products, improvement of resources and financing of the potentially exportable products, upgradation of

all products including those needed to match with the new and developing demands of the consumers in

foreign markets where incomes, living standards and lifestyles are changing and rising, Commerce

Minister Dasgir said.The government's Committee on Ease of Doing Business, the State Bank of Pakistan

(SBP), the central bank, Ministry of Commerce and Ministry of Textiles will work jointly to achieve

these objectives. Pakistani fashion industry is constantly increasing its exports and arranging fashion

show in the UAE, Qatar and other foreign markets. One has to look at the latest foreign trade statistics in

order to understand the importance of export volumes and values in the context of the entire external

balances. Some improvement is visible in this sector according to the latest SBP statistics.

SBP says the current account deficit has narrowed down by 80 per cent to $150 million in July - the first

month of fiscal year 2016.Both exports and imports drop down in July. Exports were down to $1.76

billion from $1.91 billion in the same month last year. Imports declined to $3.5 billion from $4 billion in

the two comparable months.FDI inflows were $75 million, compared to $18 million in the two

comparable months.For the whole of fiscal year 2015, the overall current account deficit was $2.3 billion

- 27 per cent lower than the deficit in FY-14.Fiscal year 2015 also saw the overall imports totalling

$41.13 billion as compared to $41.66 billion in fiscal year 2014.

The foreign exchange reserves on September 3 were $18.497 billion, of which SBP held $13.458 billion,

enough to cover imports for three months. The forex reserves held by commercial banks were $5.050

billion. Analysts and businesses are also questioning the current rupee-dollar parity. They claim that

devaluing the rupee to a "realistic level" can reduce the current export slowdown.The open market rate of

dollar was Rs104.45/104.65 and Rs103.80/104 in the inter-bank market over the weekend. Institute for

Policy Reforms, a research group said: "The rupee remains significantly overvalued which has impaired

the competitiveness of our exports." Several businessmen said the rupee is overvalued up to five percent

against the dollar, and lowering it will help exports to rise. But the government has taken no decision on

such claims.

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IMF's continued disbursement out of the $6.2 billion EFF facility, Pakistan's planned issuance of

eurobonds, and ongoing lower prices of imported oil and commodities are expected to continue support

the external balances," says SBP.This picture of the external balances indicates that an all out efforts

should go on to raise exports. And, now the STFP provides that road map.Views expressed by the author

are his own and do not reflect the newspaper's policy.

Khaleej Times

Rice export to Iran: Reap fears Pakistan may not take

advantage in Freight News 15/09/2015

The Rice Exporters Association of Pakistan has feared that Pakistan may not

take advantage of opening of rice export to Iran from October 2015 because

of energy crisis and lack of the Research and Development which has turned

Pakistan regionally uncompetitive. In a speech at press conference on

Saturday REAP Chairman Rafique Suleman also called for devising a

comprehensive mechanism and appropriate currency transfer arrangements

by the State Bank of Pakistan to take full benefit of reopening of rice trade with Iran. ―Iran is the

one of the largest rice importer of the world, which imports around 11 percent of the world rice

worth $2.5 billion.

He said that the demand for rice in Iran has doubled during 2012-13 and in the last five years,

import of rice grew more than 35 percent. Hence, there exists a huge opportunity for the

exporters of Pakistani rice. Pakistan, once, was the largest exporter of rice to Iran, before

imposition of sanctions on Iran, which it has lost to India and now almost 90 percent of rice is

coming to Iran from India though import from Pakistan is more economical,‖ he said. He also

said, ―Pakistan rice export has been stagnant for the past many years, both in quantitative and

value terms and is hovering around 4 million tonnes in quantity and $2 billion in worth because

of devastating energy crisis and inconsistent and discouraging export policies of the government.

India has entered the global rice market with a huge surplus and a 20-percent devaluation of its

rupee, giving it almost unbeatable comparative advantage against Pakistani exporters. The State

Bank of Pakistan also honoured sanctions against Iran, resulting in drastic drop in basmati

exports to it. But the exporters still maintained their share and were able to achieve the mark.‖

Giving the latest data of rice export, he said, ―Pakistan‘s rice exports posted a sharp decline of 27

percent during the first month of this fiscal year mainly due to declining price trend in the world

market. The country exported rice amounting to $91 million in July 2015, compared to $125

million in July 2014, depicting a decline of 27.24 percent. Major drop has been witnessed in the

export of Basmati Rice, which registered a 30 percent decline to $34 million exports during the

period while non-Basmati exports stood at $57 million in July 2015, down by 25 percent. The

government will have to announce freight subsidy of at least $200 per ton on rice export to make

it globally competitive, the chairman proposed.‖ He urged the government to refund mark-up

amount of 2013-14 and 2014-15 loans of rice exporters, besides withdrawing withholding tax of

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this period, suggesting a slash in this tax to 0.25 per cent for fiscal year 2015-16 and suggested to

extend export refinance period to 360 days from 80 days to facilitate the rice exporters.

Source: Business Recorder

http://www.hellenicshippingnews.com/rice-export-to-iran-reap-fears-pakistan-may-not-take-advantage/

Group aims to reduce rice imports

Monika Singh

Tuesday, September 15, 2015

Grace Road Group president Daniel Kim, right, with Agriculture Minister Inia Seruiratu at the

construction site of the rice milling factory in Navua. The group aims to make Fiji self-sufficient

in rice production. Picture: SUPPLIED

A CHURCH-based organisation has plans to help Government reduce

its rice imports and make Fiji self-sufficient in rice production with

the revival of rice farming.Grace Road Group started operations in

Fiji last year with an initial investment of more than $10million.South

Korean investor Daniel Kim, who is also the president of the group,

says Fiji has the potential to grow more rice and become self-

sufficient by the year 2020.Mr Kim said Government had the same

plans but lacked the machinery to be able to achieve its goals.

"But we have brought the machines with us and we have the expertise and the manpower to achieve this

goal." Our headquarters is in Navua and we are planning to build the biggest rice milling factory in Fiji

there," he said.He said they planned to finish building the rice milling factory by January or February next

year.Mr Kim said the group had a 100-acre farm in Navua and a 200-acre farm in Nausori where they had

planted rice while they still waited on another 1000-acre land in Nausori/Tailevu to be cleared by

Government.He said they had plans to start rice revival projects on Vanua Levu and they had already

moved their machinery to help them with the development.

Mr Kim said they planned to produce 44,000 tonnes of rice because that was roughly the amount of rice

that was imported by Fiji. To do that, the group needed 13000 acres of land. Some of the challenges that

the company faced was regarding land issues but Mr Kim said the Government had been very supportive

in the process."We are doing organic farming and our rice farms are also organic because we do not want

to use chemicals and other harmful substance," he said.Mr Kim said the group also had six restaurants in

the country and it used products that were planted on their farm in Navua."We supply the rice to our own

restaurant and we plan to supply organic rice to other resorts and restaurants once the other farms are

ready," he said.

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According to Mr Kim, they had a program for the landowners and the response from the mataqali had

been very positive.He said they had training programs for members of the church, who would then train

the landowners so that they could pass the knowledge to their own landowning unit members and

villagers.Mr Kim said they also had plans to start potato farming and help reduce the import bill for

potatoes.

http://www.fijitimes.com/story.aspx?id=321850

Mentoring to Take Charge

Tue, 09/15/2015 - 02:36 admin

-WAAPP Boss Wants Young Liberian Scientists Play Lead-Role in Agric Sector

By: William Q. Harmon & Alvin Worzi

The Coordinator of the Liberia office of the West Africa Agriculture Productivity Program

(WAAPP), Mr. Cyrus Sargbe, has called for young Liberian scientists, who have returned from

studies abroad and are working in partnership with the Ministry of Agriculture, to be properly

mentored to take charge of the sector in the next few years.

Mr. Sargbe said young Liberian scientists, who are working as apprentices under Ministry of

Agriculture‘s (MOA) implementing partners, AfricaRice, must play leading a role in the field

during the learning period, because when the mentors leave, they will have to rise to the

occasion.The MOA through its implementing partners, Africa Rice Center (Africa Rice) and The

Central Agriculture Research Institute (CARI) with support from WAAPP, are leading the

country‘s rice development program. The program is intended to improve the rice production in

the country and reduce its dependency on the importation of the commodity.―When we come on

the field, we want to see the Liberians carrying out the demonstration exercises in order to

convince us that when you are gone they will be able to take charge of the sector.

I really want to see them at the forefront of the various exercises, because when this is done, we

will know how far we have gone in this project,‖ the WAAPP Coordinator said.He made these

remarks during a tour of AfriaRice‘s rice demonstration site at CARI‘s headquarters in Suakoko,

Bong County over the weekend. The tour was led by WAAP in collaboration with a

representative of the World Bank, a major financier of the project.Agriculture, notably food

sufficiency is one of two priority sectors of the World Bank‘s regional strategies because,

according to the bank, the sector provides the source of livelihoods for almost two-thirds of the

population in Africa. The bank believes that its intervention would bring about high poverty

reduction on the majority of the population.The Country Representative of AfricaRice, Dr.

Inousa Akintayo, took the two officials and their teams on a sight-seeing expedition to many of

interventions in the county, including the lowland rice varietal development and testing

segregating population for yield, demonstration of improved upland rice varieties treatment

sponsored by WAAPP and the AfricaRice Center-Liberia Station at CARI.

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The first phase of the WAAPP project in the country is about to elapse and Mr. Sargbe told the

experts from AfricaRice to make more use of the young people so that they can drink from the

organization‘s fountain of knowledge.The WAAPP boss was impressed by a splendid

presentation made by a local scientist at the Rice Demonstration Plot. The presenter, Joseph

Ndebe, spoke about the 20 varieties of improved rice that are being processed to be distributed to

farmers across the country.World Bank Senior Agricultural Specialist, Abimbola Adubi, also

stressed that the level of capacity at CARI is very low and as such there is a need for more

scientists at the institution. He said Liberia, as a country, needs more scientists that will work in

the research department in order to improve the sector.

Liberia currently has about four PhD holders at the nation‘s premier research institute, CARI,

and Mr. Adubi noted that the situation is pathetic, though he acknowledged that the country has

been through a lot of crisis.―To have three or four PhDs in a research institution is not enough,

the least should be twenty. This is because this is a technical area that requires a lot of

knowledgeable people,‖ Mr. Adubi said, calling on AfricaRice to ensure that all is done for the

country to reach that benchmark.Dr. Akintayo also lauded the students for the swift pace at

which they are learning on the field. The AfricaRice boss, who has worked in Liberia‘s rice

sector for the last thirty years, firstly with ADA and then AfricaRice, said the country is actually

improving in the sector.

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WAAPP boss Cyrus Sargbe speaks to Liberian agriculture scientists

Vietnam needs new policy for rice production

VietNamNet Bridge - To enhance the competitiveness of Vietnam’s rice production and value, and bring

more profits to farmers, Vietnam needs new breakthrough policies.

Since the late 1980s, Vietnam's rice industry has developed strongly. This helped Vietnam not only

ensure food security in the country but also become one of the top three rice exporters in the

world.However, the expansion in scale of Vietnam‘s rice sector instead of being greeted cheerfully has

become a concern despite the increase of rice output because farmers' income has not improved,

accompanied with a risk of degraded soils and pollution.

The over-emphasis on increasing rice production has led to the low quality of Vietnam's export rice. As a

result, the export markets are concentrated in the lower segments, are less diverse, and are focused on the

Chinese market. When the export markets are in trouble, the pressure of lowering prices is placed on the

domestic market, causing losses to the components in the production chain in the country, especially for

farmers.VietNamNet talks with economic and agricultural experts to find a solution.

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New policy needed

In 2016, Vietnam marks 30 years of renovation. This breakthrough economic policy, which helped

Vietnam made a complete makeover of both economic and social reforms, originated from agricultural

renovation policies to "untie" agriculture and farmers.After a long journey, the rice sector has created

"miracles", taking Vietnam from an importer of rice into a leading rice exporting country. Vietnam no

longer has to worry about food security, but focuses on rice production as a key commodity for

export.However, this achievement has not brought added value to the sector, and has not created many

positive changes in income for farmers. Vietnam's farmers have the lowest average income in the country,

and in Southeast Asia their average income is only higher than that of Cambodian farmers.

Among many reasons for that situation, the most notable is that in the last 30 years, Vietnam has focused

only on strategies to increase rice output, instead of improving rice quality, creating a rice brand with

higher added value.The current policy is still in this direction: increasing production and encouraging

exports. This will continue to cause over-production, low quality of rice and many negative implications

for the sustainable development of agriculture and the livelihoods of farmers. In this case, overproduction

of rice is not good.Prof. Vo Tong Xuan, a well-known rice expert, Rector of the University of South Can

Tho, said that Vietnamese farmers, "under the cheers of the state‖, just plant rice to achieve high

productivity and pay little attention to quality.

The emphasis on increasing rice production is also reflected in the density of rice planting. In 1990,

farmers in the Mekong Delta planted 1.6 crops/year, and as of 2010, this figure rose to 2.1 crops/year.

Notably, this process causes weaker soil, and farmers use more fertilizers and plant protection chemicals.

The grain quality has deteriorated over time.

Vietnam’s rice exports to countries, 2010-2013 (% of export value

The world rice market is increasingly competitive

According to UN Comtrade, in 2010 Vietnam mainly exported rice to the Philippines (about 29% of the

total export value), in 2012-2013; Vietnam largely exported to China (24.53% and 30.88% of the total

export value of the corresponding year), compared to only 1.71% in 2010.In the world rice market, the

segment for low grade rice has tended toward oversupply. According to FAO‘s forecast, rice production

will have strong growth in the coming years due to the increase in rice acreage, number of rice crops, and

improvement of productivity. Global demand for rice will increase to 2030, then will reduce.Vietnam‘s

rice importers like Indonesia and the Philippines have had a rice self-sufficiency strategy.

Indonesia, the largest rice importer in the world in 2011, with 3.1 million tons, reduced rice imports

sharply in 2013 with 650,000 tons.Meanwhile, countries like India, Cambodia and Myanmar are seeing

strong growth in rice exports. India has had the most powerful breakthrough in rice export, with export

volume increasing by nearly 2-fold, from 4,637 thousand tons in 2010/11 to 10,901 tons in the 2013/14

crop, to become the second largest rice exporter in the world. Cambodia increased the export volume

from 750,000 tons in 2009/10 to 1 million tons in the 2013/14 crop to the markets of Europe, Malaysia,

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Thailand and China. Myanmar also nearly doubled the export volume from 700,000 tons to 1.3 million

tons in this period.

In this context, if Vietnam keeps focusing on an increase in rice production and does not pay attention to

the quality of rice, the entire rice value chain of Vietnam will suffer heavy losses, and the farmers will

suffer the worst losses.Following this trend, in the future, the position of the countries on the rice export

market depends on the ability to supply high-quality and specific rice to different customer groups.

Output is no longer a problem, but rather the quality and value of exports.The rice exporters in the world

are all aware of that. Thailand, India, and even an emerging rice exporter like Cambodia have their own

"weapons" – their own rice brands. At the Food Fair held in Bangkok in 2013, Thailand had more than a

dozen rice brands; Cambodia also had eight brands while Vietnam had nothing.

To be continued…

Nguyen Quang Thai - Nguyen Khac Giang

(Vietnam Institute for Economic Policy Research - VEPR)

http://english.vietnamnet.vn/fms/special-reports/141324/vietnam-needs-new-policy-for-rice-

production.html

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CSIR-Crops Research Institute releases 12 crop varieties

The Crops Research Institute (CRI) of the

Council for Scientific and Industrial Research

(CSIR) has released twelve new crop varieties

onto the market.Four cowpea, seven maize

varieties and a new rice variety capable to

withstand hash weather conditions were released

on Friday.The varieties are made up of different

types of hybrids that are adapted to the major

agro-ecologies especially in these times of

climate change challenges.Authorities at the

research institute explain that the new varieties

are in line with current national issues-climate change and malnutrition.

The intensity of the climate change effects for instance have become severe threatening food security in

Ghana because the rains have escaped most farmers in recent months.It is therefore prudent to develop

early and extra early maturing varieties or drought tolerant varieties.The four new cowpea varieties are

drought and pest resistance. They have shorter maturity period compared to the existing ones on the

market.It was named ―Agyinkwa‖ meaning saviour because farmers were excited by the outcome during

the experimental period. Local materials were used in the production so they can well adapt to the local

environment.Three of the seven maize varieties released – Crops Afriyie (named after Dr. S. Twumasi

Afriyie), Crops Obotantim (meaning rock) and Crops Nkabom (meaning unity) – are drought

tolerant.Maturity period is 80 to 85 days better than the existing drought tolerant maize varieties with

intermediate maturity of 110 days.

Director of the Crop Research Institute, Dr. Stella Ama Ennin, says these varieties are critical to achieve

moderate yields in the midst of the climate change.Malnutrition is one of the major issues Ghana has had

to deal because it is a major contributor to child mortality.They observe that there are limited availability

of Vitamin A, Zinc and Iron.According to Dr. Ennin, the researchers put these qualities in these new

varieties to help address both infant and maternal nutritional needs.

Four of the seven maize varieties (Crop Nkunim meaning Unity, Crops Aho?dzin meaning Strength, Crop

Aho?f? meaning Beauty and Crops Dzifoo meaning Eat Plenty) for instance are rich in pro-Vitamin A

nutrients-good for children and nursing mothers.This will in addition address the Millennium

Development Goals 4 and 5 of reducing child mortality and improving maternal health

respectively.Ghana, in recent times has been battling with huge import bills especially yellow maize and

rice.The country, for instance, has had to raise 500 million US dollars to import rice every year; situation

researchers believe needs putting a stop to.

Dr. Stella Ama Ennin explains that researchers have a duty to ensure that these import bills reduce.

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―So if you look at our efforts towards developing Yellow maize and rice, this is towards reducing the

huge import bills that have saddled the nation,‖ she said.Hence the development of the new Hybrid rice

(ARIZE 6444 GOLD) and yellow maize (Crop Nkabom and Nkumin).The Director has therefore

implored government to pass the Plant Breeders Bill to address these challenges.The bill will also ensure

private participation to fund and promote new varieties to reach end users, because currently the institute

rely mainly on foreign donor support to undertake new research due to unavailability of funds from

government.The crops have had to undergo stringent observation, analysis and recommendation for two

consecutive occasions to assess the crops.The varieties proposed for release fall under 4 major projects,

namely Alliance for a Green Revolution in Africa, Drought Tolerant Maize for Africa, HarvestPlus and

WIENCO.Bill and Melinda Gates foundation also funded part of the projects.

http://www.ghanaweb.com/GhanaHomePage/business/CSIR-Crops-Research-Institute-releases-12-crop-

varieties-382067

U.S. and China to sign rice protocol agreement

By US Rice Producers Association September 15, 2015 | 8:20 am EDT

September 15, 2015 | 8:20 am EDT

Officials from the United States and the Peoples' Republic of

China will sign a phytosanitary protocol during the week of

September 21st when Chinese President Xi Jinping leads a

delegation on an official visit to Washington, D.C. Culminating

an effort that reaches back more than 15 years, the US Rice

Producers Association (USRPA) has been pushing to open the

Chinese market to U.S. rice.In those intervening ten years, China

has switched from being a rice exporter to (in recent years)

importing two million tons or more of long grain rice. Vietnam has been the origin of most of the

Chinese imports, due to a combination of price, proximity, and quality. The U.S. has not been

permitted to ship to China because rice was not included in the original negotiations that resulted

in the sale of millions of tons of soybeans and cotton and other grains. That now changes with

the new phytosanitary protocol.

USRPA applied for funding from USDA/FAS under their Emerging Markets Program to travel

to China to determine if there would be demand for U.S. long grain milled rice should it ever be

permitted. Over the years, consumer preferences were recorded and analyzed, and the conclusion

was obvious — rice milled in the United States would be considered a preferred product

deserving of a premium price in the opinion of the growing consumer class in China. In recent

years, medium grain rice from both the South and California has been included in these

consumer surveys, and the result is the same: "When can we buy it?"

A number of importers and distributors in China have been identified, and it is likely that the

newly-permitted trade will get off to a fast start. It is not clear how large the trade could become

once the logistics and the commercial terms are perfected, but China could represent a significant

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boost to the U.S. rice market, which recently has been slammed by the loss of markets and low-

priced subsidized foreign competition."This has been a long and exhaustive process and

sometimes that's the nature of international market development, while I must compliment the

USRPA staff and its board members including past Chairmen, B.J. Campbell of Missouri and

Ray Stoesser of Texas, who along with officials of the Foreign Agricultural Service and Animal

Plant Health Inspection Service of the USDA, have not hesitated in pursuing this effort that is so

important to our rice farming and milling industry," says Dwight Roberts, President & CEO of

the organization. "Our analysis of the China market goes back to 1998 when at the time no one

thought China would ever be a significant importer," added Roberts.

Recently elected Chairman, Tommy Turner from El Campo, Texas who has plans to travel next

month to China is excited about the outlook saying, "our focus has already turned towards

working with the identified Chinese buyers and importers while continuing to conduct additional

promotional surveys of Chinese consumers," while adding, "this is great news for our farmers

and is a shot in the arm for the market that is so sorely needed."The US Rice Producers

Association, representing rice producers in Arkansas, California, Louisiana, Mississippi,

Missouri and Texas, is the only national rice producers' organization comprised by producers,

elected by producers and representing producers in all six rice-producing states.

http://www.agprofessional.com/news/us-and-china-sign-rice-protocol-agreement

Royal Rejuvenates The Rice Industry With A Commitment

To Authenticity

Multinational Rice Brand Is Dedicated To Farm-To-Fork Philosophy

PR Newswire

CYPRESS, Calif., Sept. 15, 2015

CYPRESS, Calif., Sept. 15, 2015 /PRNewswire/ -- Royal, the #1 selling Basmati rice brand in

America under the LT Foods Americas umbrella, brings global taste and tradition to a pantry

staple. Under its Royal flagship, LT Foods Americas has led the Basmati rice industry for 25

years due to exceptional flavor and a commitment to sourcing ingredients from the country of

origin. As a family-owned business of three generations of rice-growers, LT Foods Americas

has extensive culinary roots and is devoted to comprehensive traceability.

Basmati rice can only be considered authentic if it comes from the foothills of the Himalayas,

which is where Royal Basmati rice is cultivated by India's most expert farmers. This region

provides the ideal harmony of climate, fertile soil and pure spring water that yields extraordinary

grains. Royal's Basmati rice is gluten-free, Non-GMO Project Verified and is aged for a

minimum of 12 months to intensify the delicately sweet flavor. Additionally, Royal's long-grain

rice has a low glycemic index, meaning that Basmati rice digests slower than other types of rice.

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The brand's high caliber Basmati rice offers a fluffy, non-sticky rice that has a distinct nutty

flavor and a floral fragrance.

"Our seed-to-table commitment and celebration of culinary traditions differentiates Royal and

sets us apart," said Abhinav Arora, President of LT Foods Americas. "Consumers are becoming

more conscious of where their food originates and at Royal we are thrilled to deliver authentic

and delicious flavors from around the world."

Royal has developed strong relationships with farming communities and has established

cultivation awareness programs that aim to educate farmers on sustainable, natural farming

practices. The brand's roster also includes Arborio rice from the Italian region of Piedmont, Thai

Hom Mali Jasmine rice from the mountain highlands of Thailand, Quinoa from Peru and many

other authentic products. Royal Basmati rice is available at retailers nationally in a wide range of

pack sizes. For more information on LT Foods Americas, please visit

www.ltfoodsamericas.com and for more information about the Royal brand, please visit

www.authenticroyal.com.

About LT Foods Americas

LT Foods Americas, located in Cypress, California, was established in 1992 and for more than

25 years, has been a leading expert in Basmati rice. LT Foods Americas has evolved from a

distributor of rice to a full-fledged, authentic "farm-to-fork" enterprise with comprehensive

traceability responsibility.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-

releases/royal-rejuvenates-the-rice-industry-with-a-commitment-to-authenticity-300142854.html

SOURCE LT Foods Americas

Vietnam: Rice exports continue to decline 9/15/2015

Thai News Service

Vietnam exported over 3.8 million tonnes of rice, raking in 1.6 billion USD in the period from

January 1 to August 31, showing considerable drops in both volume and value over the same

period last year.

In the same period of 2014, the country shipped more than 4.2 million tonnes of rice and grossed

over 1.8 billion USD, according to the Vietnam Food Association (VFA).

Vietnam is the only one among the five biggest rice exporters in the world to record a decrease

in the period.

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On September 9, the Philippines' National Food Authority (NFA) invited Vietnam, Thailand, and

Cambodia to join a tender to supply 750,000 tonnes of rice, in addition to the planned import of

1.8 million tonnes of rice this year due to El Nino impacts.

This can be a good opportunity for Vietnam to boost rice exports in the remaining months of this

year.

The prices of rice in the Mekong Delta, Vietnam's largest granary, have dropped slightly from

last month.

As of September 11, Mekong Delta provinces and cities have harvested summer-autumn rice on

nearly 1.3 million hectares of land with a total output of 7.34 tonnes of brown rice. The localities

have also planted summer-winter rice on 640,000 hectares out of the planned 886,000 ha.-VNA

www.world-grain.com/

Aquino: Gov’t to import more rice as severe El Niño looms

by Genalyn Kabiling

September 15, 2015 (updated)

Share436 Tweet12 Share0 Email0 Share1.4K

ILOILO CITY — Additional rice importation and cloud seeding operations are part of the

government efforts in preparation of a severe El Niño phenomenon later this year.President

Aquino has unveiled the government roadmap to mitigate the impact of the dry spell on the

country‘s food and water supply during a recent visit to Iloilo City.The El Niño dry weather, the

President said, has started to affect several provinces and is expected to intensify from December

to February 2016.―Nakikipag-negotiations na rin ang NFA para mag-angkat tayo ng dagdag na

bigas para nga masiguradong maski tamaan ‗yung ating sariling ani, meron tayong bigas

pagdating ng kasagsagan nitong El Niño [The National Food Authority is conducting

negotiations to import additional rice to ensure we will have sufficient rice in the event our

harvests are severely hit by the El Niño weather],‖ Aquino said in a media interview last

Tuesday in Iloilo City.

―Iyong talagang maaapektuhan nang husto ‗yung taniman ng Disyembre dahil ‗yan nga ‗yung

talagang patindi nang patindi na ‗yung El Niño na inaasahan ayon sa PAGASA [The harvest this

December will be the strongest hit because thats the time when El Niño is expected to worsen,

according to PAGASA],‖ Aquino added.Aquino did not specify the amount of rice stocks that

will be purchased abroad. The NFA however earlier said the county may import an additional

250,000 metric tons (MT) of rice to beef up the country‘s stocks in preparation of the El Niño

season.

Apart from rice importation, Aquino said the government will continue to carry out cloud

seeding operations to boost rainfall on farmlands and reservoirs.―Habang tag-ulan pinararami

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natin ‗yung ulan na bumabagsak sa atin, sana pumunta doon sa ating mga dams, mga dikes, sana

makapasok rin doon sa tinatawag na aquifer na para may pagkukunan tayo pagdating ‗nung

kasagsagan ng El Niño [While it is still rainy weather, we are trying to augment the rainfall to

fall on our dams, dikes and aquifers so we will have supply during the El Niño],‖ he said.At

present, Aquino said the water level in Angat Dam has reached 186 meters above sea level,

compared to the normal range of 180 this period. But due to El Niño impact this December, he

said authorities no longer expect Angat Dam‘s water level to reach the normal level of 210

meters.

(File photo by Mark Balmores)

http://www.mb.com.ph/aquino-govt-to-import-more-rice-as-severe-el-nino-

looms/#i3PFD1xZqzRMXB1B.99

Final protocols struck for U.S. rice exports to China

Deal to be signed September 23 in D.C.

Aug 26, 2015 David Bennett | Delta Farm Press

Years-long negotiations to get U.S. rice to China close.

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Major market for U.S. rice to finally open.

The long courtship of the U.S.

rice industry and China is finally

set to bear fruit, according to a

report from the U.S. Rice

Producers Association

(USRPA).The USDA and several

agencies under its umbrella have

yet to comment on the

report.After years of back-and-

forth negotiations – largely based

on phytosanitary protocols –

Chinese officials have agreed to a

set of standards paving the way

for U.S. rice imports, the RPA says. The protocol is expected to be signed September 23 when

Chinese President Xi Jinping visits Washington, D.C.―This is a done deal,‖ says Greg Yielding,

executive director of the Arkansas Rice Growers Association, which is part of the USRPA.

Yielding recently returned from China after meeting with rice industry counterparts and

conducting rice-tasting surveys.Shortly before Yielding headed to China, he spoke with Delta

Farm Press about the long road to a rice trade deal. Among his comments:

I think the last story we did was in late 2012 and the Chinese had put a draft proposal in to

APHIS. What’s happened in the intervening time?

―When you left off, the Chinese had sent in the protocol and APHIS was looking at it. Basically,

since then, we‘ve been back and forth with this. We should have already been selling rice in

China.―The Chinese wanted traps in processing facilities for quarantined pests that they don‘t

want getting to their rice in their own country. They wanted fumigation – just normal things,

really. They want the U.S. rice to be placed in permeable packaging. They want to ensure no

pests get into their rice crop.

―Rice is the most important crop and food source for them. So, they want to be extra careful.

That‘s understandable.―All countries have protocols for commodities that are imported. Those

vary, but everyone has different concerns. That‘s certainly true for China just like it is for the

United States.―So we went through a period where some of our folks didn‘t want to test for

Khapra beetle since it isn‘t in the United States. ‗We don‘t have it, so why do we have to test for

it? Why should we put traps out for it when it isn‘t here?‘

―Well, the answer to that is China wants to make damned sure we don‘t have it, and we don‘t get

it in coming years without them getting a heads up.‖

On the willingness of U.S. mills to provide the Chinese what they want…

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19

―It‘s worth noting that from the get-go we‘ve had mills in every rice-producing state willing to

do exactly what the Chinese were asking for. They want the Chinese business and many already

have strict procedures in place because U.S. food companies require them to.

―You know, we‘d send something on the protocols over to China and then, after a while, they‘d

respond. It would then take a long period for us to respond back. Truth is, this is on us not the

Chinese. The Chinese haven‘t been a problem in this process.‖

Sep 15 2015 1:03AM

Paddy price dips by 60%, Karnal farmers worried

Tribune News Service

Karnal, September 14

Farmers who planted paddy variety-1509 across the state are a worried lot as the price has taken a sharp

hit due to a fall in prices of the crop this year by 50 to 60 per cent, compared to last year.

The variety is being sold at Rs1,200-1,300 per quintal, while it was sold for Rs 2,800-3,400 per quintal

last year. Similarly, farmers, who have cultivated other paddy varieties including hybrid-3325, 834, 222,

are also in deep trouble as they too are not getting a proper price of their produce.Farmers and

commission agents have demanded that the government fix a price of these varieties and to start

government auctioning at the earliest.

They alleged that with a game plan several rice millers have been purchasing these varieties at a less price

resulting in huge losses to farmers.Surinder, a farmer who came from Dadupur, with the produce of 1509

variety, said he received only Rs1,281 per quintal of his produce, while he got Rs3,400 per quintal last

year. This is just a monopoly of the rice millers and it should be stopped. The government should start the

auctioning with immediate effect and fix a price for it.Malak Singh from Jalmana said his produce of

1509 variety was sold for a mere Rs1,250 per quintal. He received Rs 2,700-3,000 per quintal last

year.Rajinder Kumar, a commission agent at the Karnal grain market, said it was a strategy of the rice

sellers and the government should keep a check on such buying

http://www.tribuneindia.com/news/haryana/paddy-price-dips-by-60-karnal-farmers-worried/133030.html

Limited Rice Trade Resumes as Govt Weighs New Export

Policy

By KYAW HSU MON / THE IRRAWADDY| Tuesday, September 15, 2015 |

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A man carries a sack of rice from a boat on the banks of the Rangoon River, Rangoon,

November, 2013. (Photo: Soe Zeya Tun / Reuters)

RANGOON — While limited rice exports resumed on Tuesday after a 45-day halt, the government

announced overland rice exports would remain suspended as it considered a new trade policy on the back

of recent severe flooding.Flooding across the country over the last two months inundated more than 1.3

million acres of paddy fields and, in early August, the Myanmar Rice Federation (MRF) called on its

members to halt rice exports until mid-September.But while rice exports via sea routes resumed on

Tuesday, Myint Cho, Director of Trade Promotion in the Ministry of Commerce, said the government

would not yet resume overland exports as it mulled a new export policy.―Even during these past 45 days,

some exporters, on a case-by-case basis, were granted special permission to trade by sea,‖ Myint Cho

said.

He added that the government was focused on ensuring local consumption needs were met and

ongoing concerns had convinced officials to consider adjusting Burma‘s rice export policy.―As

of now, an exporter may have to save at least 2 percent of his rice volume as surplus,‖ he

said.Following a meeting between MRF members and officials from the Ministry of Commerce

on Tuesday, the federation said the government would soon issue new export licenses, but no

date was specified.Ye Min Aung, general secretary of the MRF, told The Irrawaddy the

federation was waiting to see details of the new export policy. He said the ministry would have

to weigh local consumption, prices and export volumes in determining a new approach.―If the

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21

government has plans for a surplus of rice, we will have to check how to store it, who will handle

it and what the volume will be,‖ he said.

Chan Tha Oo, a rice exporter based in Muse, Shan State, said that the new export policy would

be of national importance and that exporters would just have to wait and see how it played

out.―Rice policy must look out for all farmers, traders, and consumers. We therefore shouldn‘t

rush to implement a new policy,‖ he said. ―Rice exports across border check points have been

stopped now, only local consumption is allowed here.‖Of the approximately 15 million tons of

rice produced in Burma in the 2014-15 fiscal year, about 1.5 million tons, or 10 percent, were

exported, according to the MRF.

http://www.irrawaddy.org/burma/limited-rice-trade-resumes-as-govt-weighs-new-export-

policy.html

Preserving “Heirloom” Collections – Microbial, That Is Posted by Jan Suszkiw, Agricultural Research Service, on September 15, 2015 at 3:00 PM

Plant molecular pathologist Yulin Jia samples a field in Columbia for rice blast disease. (Photo

by Fernando Correa).

This post is part of the Science Tuesday feature series on the USDA blog. Check back each week

as we showcase stories and news from USDA’s rich science and research portfolio.

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As a plant pathologist with USDA‘s Agricultural Research Service (ARS) Rice Research Unit in

Beaumont, Texas, Toni Marchetti oversaw a new program in 1972 to develop new cultivars that

better resisted costly diseases like rice blast. Marchetti retired from ARS in 2001, leaving behind

not only a legacy of excellence in rice breeding and plant pathology, but also a prized collection

of 1,000 rice blast specimens he isolated from Texas, Arkansas, and other rice-growing states.

The Beaumont unit was closed in 2012, and the collection was relocated to ARS‘s Dale Bumpers

National Rice Research Center in Stuttgart, Arkansas.There, ARS research plant pathologist

Yulin Jia has managed Marchetti‘s legacy collection while conducting his own research on rice

blast genomics. This is no easy feat considering the fungus that causes rice blast, Magnaporthe

oryzae, has a tendency to mutate when cultured in the lab, resulting in new races with a different

genetic makeup.

To get around the problem, Jia devised a new procedure for storing rice blast spores on filter

paper strips at extremely cold temperature—minus 20 degrees Celsius. Using the new approach,

he expanded the collection to 1,800 total rice blast specimens, allowing him to compare genetic

changes in specimens Marchetti obtained as far back as the 1950s to specimens that he

collected.Despite this success, a gnawing worry remained. ―My nightmare has always been that

my freezer with fungi will lose power,‖ says Jia. ―If this were to happen, then all of these genetic

resources would be lost.‖So last summer, Jia contacted the ARS National Center for Genetic

Resources Preservation (NCGRP) in Fort Collins, Colorado, about establishing a backup

collection there using duplicate specimens from Stuttgart. The Center agreed, and Jia prepared

the spores for 629 duplicates of Marchetti‘s specimens for back-up storage—and more

submissions are planned.

Jia and research leader Anna McClung‘s

desire to preserve the rice blast collection

underscores a broader issue facing

research institutions the world over: the

potential loss of valuable germplasm to

personnel departures, budgetary

constraints, natural disasters,

contamination, or other unforeseen

events.―The relevance of this pathogen

collection for rice blast is that it may

offer opportunities to determine if the

pathogen changes over time—for

example, in response to climate change—or to do other sorts of population genetics studies,‖

says McClung.Preserving this collection is critical for having potential solutions to developing

new rice varieties that are resistant to this costly disease.A diseased rice leaf infected with rice

blast fungus under greenhouse conditions at Dale Bumpers National Rice Research Center,

Stuttgart, Arkansas. (Photo by Peggy Grebb)

- See more at: http://blogs.usda.gov/2015/09/15/preserving-heirloom-collections-microbial-that-

is/#sthash.WcN33flN.dpuf

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Arkansas Farm Bureau Daily Commodity Report

A comprehensive daily commodity market report for Arkansas agricultural commodities with

cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau

commodity analysts.

Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term

commodity market trends which are developing. Daily fundamental market influences and

technical factors are noted and discussed.

Soybeans

High Low

Cash Bids 918 871

New Crop 914 822

Riceland Foods

Cash Bids Stuttgart: - - - Pendleton: - - -

New Crop Stuttgart: - - - Pendleton: - - -

Futures:

High Low Last Change

Nov '15 894.50 883.00 889.00 +4.75

Jan '16 897.25 886.50 892.25 +4.75

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Mar '16 898.75 888.25 893.50 +4.50

May '16 900.00 889.50 894.75 +5.50

Jul '16 904.00 893.25 898.75 +6.00

Aug '16 899.25 892.50 897.50 +5.75

Sep '16

886.75 +5.50

Nov '16 886.50 874.50 882.25 +6.00

Jan '17 891.00 880.75 888.25 +6.00

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment Soybeans managed a higher close today, despite yesterday's improvement in the percentage of the crop

rated excellent. Prices were supported as today's NOPA report again beat trade expectations. The trend of

strong domestic demand continues to hold as the market continues to see strong crush demand. With

prices lower, the market continues to watch exports for this year as we wait to see if sales can catch up

this year.

Wheat

High Low

Cash Bids -- --

New Crop 510 485

Futures:

High Low Last Change

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Dec '15 503.25 492.25 494.75 -6.50

Mar '16 512.00 500.50 502.50 -7.50

May '16 517.00 505.75 507.75 -7.25

Jul '16 521.00 509.75 511.75 -7.00

Sep '16 525.00 519.00 520.50 -6.75

Dec '16 543.00 532.00 533.00 -7.50

Mar '17

543.00 -7.25

May '17

541.00 -7.00

Jul '17

532.00 -7.00

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment Wheat prices failed to hold support today as we once again saw prices slip back below $5. Weak overall

fundamental continue to prevent meaningful gains to be held in wheat. Prices are likely to remain

depressed as U.S. exports remain scarce.

Grain Sorghum

High Low

Cash Bids 414 375

New Crop 414 378

Arkansas Daily Grain Report

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FOB Memphis Elevator Crops

Corn

High Low

Cash Bids 384 349

New Crop 405 356

Futures:

High Low Last Change

Dec '15 395.00 388.75 390.50 -3.00

Mar '16 406.25 400.00 401.75 -3.00

May '16 413.00 407.00 409.00 -2.75

Jul '16 417.75 412.00 413.50 -2.50

Sep '16 409.25 404.50 405.25 -3.25

Dec '16 415.00 410.25 411.00 -3.25

Mar '17 425.00 421.75 421.25 -3.00

May '17 431.00 427.50 427.00 -3.00

Jul '17 435.25 432.00 430.75 -3.00

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

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Corn Comment Corn prices closed lower today. After 6-sessions of gains prices finally gave into good crop ratings and

slow demand. While the overall balabpnce sheet remains supportive, there remains a lot of uncertainty in

the corn market which has prices locked in a sideways pattern.

Cotton

Futures:

High Low Last Change

Oct '15 63.45 62.45 62.82 -0.69

Dec '15 62.87 62.33 62.52 -0.03

Mar '16 62.64 62.22 62.39 0.06

Memphis, TN Cotton and Tobacco Programs

Cotton Comment Cotton futures traded in a narrow range before closing lower. The monthly supply/demand reports didn't

provide great news for prices. The estimates pegged U.S. production at 13.428 million bales, up 3% from

the August estimate but down 18% from 2014. Average yield is projected at 789 pounds per acre, down

from the previous report, but abandonment is expected to only 4.56%, down from the previous estimate of

11.35%. Ending stocks were raised to 3.2 million bales. December continues to be confined in the two-

cent trading range between 62 cents and 64 cents.

Rice

High Low

Long Grain Cash Bids - - - - - -

Long Grain New Crop - - - - - -

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Futures:

High Low Last Change

Nov '15 1299.0 1281.0 1297.0 -2.5

Jan '16 1326.0 1310.0 1325.0 -2.5

Mar '16 1339.0 1339.0 1346.0 -3.0

May '16

1363.0 -1.5

Jul '16

1374.0 +0.5

Sep '16

1288.5 0.0

Nov '16

1288.5 0.0

Rice Comment Rice futures continued to move higher as the sharp up-trend remains intact. The U.S. long-grain crop was

pegged at 131.5 million hundredweight, down from 149 million just last month due to reduced harvested

acres and yield estimates. The long grain export forecast was cut by 10 million cwt, but the net result was

still a carryout estimate that is down 15% from last month. November failed at $13. Trendline support is

currently near $12.30.

Cattle

Futures:

Live Cattle:

High Low Last Change

Oct '15 142.250 140.250 140.325 -1.150

Dec '15 143.825 141.800 141.975 -1.200

Feb '16 144.025 142.125 142.150 -1.225

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Apr '16 142.875 141.100 141.225 -0.925

Jun '16 134.775 133.000 133.050 -1.100

Aug '16 133.550 131.800 131.800 -1.275

Oct '16 136.525 134.900 134.900 -0.875

Dec '16 137.500 136.100 136.300 -0.650

Feb '17

136.450 -0.550

Feeders:

High Low Last Change

Sep '15 200.775 197.550 198.400 -1.750

Oct '15 195.750 191.750 192.500 -2.300

Nov '15 193.900 190.000 190.550 -2.325

Jan '16 188.225 184.725 185.175 -2.300

Mar '16 186.650 183.150 183.500 -2.575

Apr '16 187.000 183.750 183.975 -2.475

May '16 186.750 183.175 183.875 -2.400

Aug '16 186.650 184.150 184.250 -3.025

Arkansas Prices

Ft. Smith Livestock Auction

Heber Springs Livestock Auction

Oklahoma City

Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment Cattle prices were down again today. Prices remain under pressure from weak demand and lower boxed

beef prices. Overall cattle will remain on the defensive as demand concerns are likely to continue in the

face of the stronger dollar.

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Hogs

Futures:

High Low Last Change

Oct '15 69.775 66.775 69.575 +2.750

Dec '15 64.475 62.150 63.875 +1.625

Feb '16 68.450 66.350 68.250 +1.875

Apr '16 72.150 70.675 72.000 +1.775

May '16 77.050 76.450 77.000 +1.350

Jun '16 80.500 79.650 80.375 +0.700

Jul '16 80.125 79.550 79.900 +0.575

Aug '16 79.950 79.175 79.625 +0.450

Oct '16 67.975 67.675 67.900 +0.300

http://www.arfb.com/ag-markets-statistics/report/